Faran Sugar Mills Limited reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was PKR 1,167.95 million compared to PKR 1,192.34 million a year ago. Net income was PKR 1.2 million compared to net loss of PKR 134.75 million a year ago. Basic earnings per share from continuing operations was PKR 0.05 compared to basic loss per share from continuing operations of PKR 5.39 a year ago.
For the nine months, sales was PKR 4,955.74 million compared to PKR 3,526.09 million a year ago. Net income was PKR 249.84 million compared to net loss of PKR 285.64 million a year ago. Basic earnings per share from continuing operations was PKR 9.99 compared to basic loss per share from continuing operations of PKR 11.42 a year ago.